someone besides Ann Coulter is printing this stuff? OMG!

ibd IS Ann Coulter in alternate form.

And this is a load of crap. As if this minor area of money could be responsible for this mega meltdown - sorry folks but this has everything to do with "innovations" like CDOs, the realization that much dirty laundry could be hidden within them, and complete lack of oversight of this niche "industry". IBD is too wedded to its ideology to be relied upon for unbiased analysis.

S.E.C. Concedes Oversight Flaws Fueled Collapse

Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox’s statement on Friday, however, went beyond that by blaming a specific program for the financial crisis — and then ending it.